Signs Technical Assistance Agreement with Japan’s JFE Steel

Code BSE: 532508 NSE:

The agreement comes at a time when global demand for stainless steel is accelerating, driven by increasing adoption across automotive, infrastructure, railways, process industries, and other valueadded applications owing to its corrosion resistance, durability, and lower lifecycle costs. Industry estimates indicate that the global stainless steel market, particularly the ferritic stainless steel segment, is expected to witness steady growth over the coming decade, supported by rising demand for costefficient and sustainable material solutions. Ferritic stainless steel grades are widely used in automotive components, railway coaches, kitchen equipment, industrial machinery, construction, and several other value-added applications, making them an important growth segment for the future. Under the Technical Assistance Agreement, JFE Steel will support Jindal Stainless’ ongoing efforts to strengthen product quality and manufacturing practices for the grades specified in the Agreement.